Buying a vacation home at the Jersey shore may seem out of reach for most people. Typical beach homes range in the $400,000 range and up. However it is possible to purchase something much less and and actually keep the price under $200,000. Here are 3 ways to purchase a NJ shore beach home for less than $200,000.
Choose a location further from the beach.
Many of our shore town have areas that are further from the beach. These sections typically have more year round residents and more affordable prices. For example, I recently listed this ranch home in Ventnor Heights that was raised and renovated and is currently priced at $190,000. Click here for details on the house.
201 N Somerset Ave, Ventnor, NJ
Choose An Up And Coming Area
Not all shore towns are priced the same and if you’re looking to spend less choose an up and coming area like Atlantic City. Prices for many homes and condos are under $200,000. There are some great locations in Atlantic City and some not so great locations. Choose a local agent who can help you find the right location and home.
Look For A Home Off Shore
If you’re willing to take a short drive you can get more house for the money off shore. Communities like Somers Point are just a 5 minute drive into Ocean City. Absecon is just 5 minutes from Atlantic City and 10 minutes to Brigantine. And if you’re will to drive a little further communities like Egg Harbor Township, Linwood, Northfield and Galloway are within a 20 minute drive to the beaches.
If you’re considering purchasing a shore home or investment please contact us for a free consultation. No matter what your budget is we’re here to help.
Here’s a quick note to let you know how I can help you and the people you feel comfortable introducing me to.
Outside of traveling for Thanksgiving, more families celebrate reunions in July than any other season. The availability of outdoor locations and activities is a popular choice, because the weather is so nice. And since the kids are out of school, summer is generally an easier time to travel for most.
View of the Ocean from the Ocean City, NJ boardwalk.
If family is visiting you this summer and conversations turn to the possibility of a move that brings them closer, feel comfortable giving my time and expertise to them. I can help them weigh the options of getting a condo for the summer and holiday travel, or the best options for a permanent relocation. Also, at this time, loan programs for second properties and new purchases are outrageously favorable.
Wouldn’t it be great if you could pick your next neighbor and it is someone you would love to have nearby?
Matthew Haviland, Your Real Estate Consultant For Life
Keller Williams Realty Atlantic Shore 609-484-9890 ext 132
Spring is hopefully right around the corner. I wanted to take a moment and look at last month’s sales data and update you on what’s happening in the market. With this update I am comparing a few statistics among different municipalities: Ocean City, Longport, Margate, Brigantine, Linwood, Egg Harbor Township, and Galloway, NJ.
As you can see sales, inventory and price varies greatly among each or these communities. The turnover ratio shows the percentage of homes selling in each city. The higher the percentage the more homes are selling each month.
The most commonly asked question I get is: “How’s The Market.” Experience shows it all depends on where you live. If you’d like to know How the market is in your neighborhood I’d love to do some research for you and send you an email that will tell you what homes are for sale now, what homes have sold recently and how long homes are taking to sell in your neighborhood so you can feel secure in the knowledge that you have the most accurate information. This timely information will tell you right away how your market is right now! I imagine that information would be of value to you, would it not?
Please contact me if you’d like to know what’s happening in your market. 609-338-3773.
* Information based on MLS data as of 3/2/15
This morning I got to take a walk on the boardwalk after hopefully our last snow storm of the year! Here is a video and pictures of the boardwalk and beach in Ocean City.